Strawberry Fields REIT (NYSE AMERICAN: STRW) announced it completed the acquisition of a facility in Poplar Bluff, Missouri, comprised of 108 skilled nursing beds and 16 assisted living beds, for $5.3 million. The facility was added to an existing master lease with an affiliate of Reliant Care Group L.L.C., increasing the Company’s annual rents by $530,000 with 3% annual escalators. This transaction marks Strawberry Fields’ 18th facility in Missouri.
To view the full press release, visit https://ibn.fm/p9DO7
About Strawberry Fields REIT
Strawberry Fields REIT, Inc., is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company’s portfolio includes 142 healthcare facilities with an aggregate of 15,500+ beds, located throughout the states of Arkansas, Illinois, Indiana, Kansas, Kentucky, Missouri, Ohio, Oklahoma, Tennessee and Texas. The 142 healthcare facilities comprise 130 skilled nursing facilities, 10 assisted living facilities, and two long-term acute care hospitals.
For more information, visit the company’s website at: https://www.strawberryfieldsreit.com/
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